Okschain is revolutionizing the money transfer industry

Okschain
okschain
Published in
2 min readFeb 8, 2020

♻️ Blockchain is used as an intermediary between two #trading partners. This technology allows two partners to transfer money while maintaining confidence in the completion of the transaction. This technology has found applications in various industries, such as banking, which have used it in various ways. First of all, this is a secular book in which information about various transactions will be stored.

♻️ The largest blockchain revolution is taking place in the world of money transfer, as banks use technology for money transfer purposes. #Businesses and consumers spend several billion dollars on different countries, and this is an expensive process. #Bitcoins and the cryptocurrency game provided a vital alternative in this regard. Service providers are starting to make the most of the technology and its alternatives, so Ripple is one of the main ways to send money across the border.

The process of sending #money using this technology can save you a lot of money and time. This leads to huge benefits for the consumer. The process of sending money through Blockchain technology is simple and straightforward. This saves a lot of time, which otherwise would have taken a trip to the money transfer department and waiting in line to pay for the transfer. Even if the transfer is via the Internet, banks usually charge about 10% of the commission. Blockchain technology is much cheaper in comparison.

🔐 The OKSCHAIN ecosystem combines traditional #financial services and crypto services. It is based on a payment system, the participants of which use the OKS token and stablecoins for settlements between themselves and the purchase of goods and services from partners of the OKSCHAIN ecosystem. The OKSCHAIN blockchain can be used to send or #exchange any currency, digital asset and quickly performs these operations, it is compatible with traditional and #cryptocurrency financial systems.

Transactions of traditional currencies between users within the network occur instantly, thanks to stablecoins on the #Stellar blockchain. The speed of cryptocurrency transactions corresponds to the speed of #transactions within the corresponding blockchain.

𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝗢𝗞𝗦𝗖𝗛𝗔𝗜𝗡 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗰𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀:
• High speed. Conducting transactions The OKSCHAIN #blockchain is capable of performing several thousand transactions per second at a time;
• Transparency. All system transactions are available for viewing in a distributed registry. The Stellar blockchain is open source;


⚙️ 𝗪𝗲𝗯𝘀𝗶𝘁𝗲 — https://okschain.com/en/
⚙️ 𝗟𝗶𝗻𝗸𝗲𝗱𝗜𝗻 — https://www.linkedin.com/company/okschain
⚙️ 𝗧𝘄𝗶𝘁𝘁𝗲𝗿 — https://twitter.com/okschainfintech
⚙️ 𝗥𝗲𝗱𝗱𝗶𝘁 — https://www.reddit.com/r/OKSCHAIN
⚙️ 𝗧𝗲𝗹𝗲𝗴𝗿𝗮𝗺 𝗴𝗿𝗼𝘂𝗽 𝗘𝗡 — https://t.me/okschain_en
⚙️ 𝗧𝗲𝗹𝗲𝗴𝗿𝗮𝗺 𝗰𝗵𝗮𝗻𝗻𝗲𝗹 — https://t.me/okschain_an

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Okschain
okschain

OKSCHAIN is a decentralized financial ecosystem for a wide range of stakeholder